Tag: 2013-15 state budget

Joint Committee on Finance to Discuss UW System Plan on Cash Balances

Joint Finance Committee Hearing RoomThe legislature’s Joint Committee on Finance will meet at noon tomorrow, Tuesday, May 6, to vote on more than a dozen requests for approval, including UW System’s plan for auxiliary reserves. The Joint Audit Committee approved a revised plan last month. The Legislative Fiscal Bureau analysis of the plan is here.

The committee will be asked to consider how the university accounts for federal indirect cost reimbursement. UW-Madison maintains a significant balance of those funds, which are not subject to a reporting threshold under the proposed guidelines.

The committee will meet in Room 412 East of the State Capitol. Audio and video coverage will be available on WisconsinEye.

Edited to reflect change in meeting time from 11 am to noon.

Joint Audit Committee Approves UW System Plan on Cash Balances

UW_Day_at_Capitol13_1390The legislature’s Joint Committee on Audit met yesterday and unanimously approved UW System’s plan for managing and disclosing cash balances and fund reserves. Campus financial reserves have been the subject of intense legislative scrutiny since April 2013 when the Legislative Fiscal Bureau reported UW System holds more than $650 million in reserve.

The legislature directed UW System to develop a plan as part of the 2013-15 biennial budget (Act 20), and the Legislative Audit Committee requested additional changes after a plan was presented to them on November 20, 2013. The Board of Regents approved those revisions earlier this month.

The revised plan requires individual campuses to hold between 10 and 15 percent of their total fiscal year expenditures in reserve. Campuses with less than 10 percent fund balances must report a savings plan to the regents, while campuses holding more than 15 percent fund balances must provide justification to the regents and submit a spending plan for tuition, auxiliary operations, general operations, and unrestricted program revenue.

Archived audio of the meeting is available


December Regent Meeting

uw system logoThe University of Wisconsin System Board of Regents will meet in Madison Thursday and Friday, December 5 and 6.

Regent committees will meet Thursday morning and Governor Scott Walker will address the full board Thursday afternoon. Outgoing UW System President Kevin Reilly will address the board one last time Friday morning.

Education Committee: The committee will consider a request from UW-Platteville to reorganize its Department of Business and Accounting into a School of Business and discuss the UW-Madison’s School of Medicine and Public Health Wisconsin Partnership Program.

UW System Senior Vice President Mark Nook will also deliver a report on faculty workload, quality of education and compensation (no materials provided).

Business and Finance Committee: The committee hear reports on recent faculty turnover and salary adjustment plans that address inequity and competitive factors. About one-third of faculty and staff at UW-Madison received this type of salary increase over the past two years.

The committee will also discuss the UW System proposal for the distribution of tuition and fee revenue and and state general purpose revenue. The legislature directed UW System to develop a plan after the controversy over budget reserves erupted last spring.

Research, Economic Development, and Innovation Committee: The committee will hear an update on the Incentive Grant Program, the distribution of $22.5 million in grants throughout UW System.

The UW System President search and screen committee will meet in closed session Friday afternoon interview semi-finalist candidates. PROFS Steering Committee member Sue Babcock represents UW-Madison on the committee.


Legislative Update

PROFS, a non-profit membership organization representing UW-Madison faculty, monitors legislation and lobbies the governor, members of the legislature, and members of Congress. We are proud of our past achievements. During the 2011-13 biennial budget process, PROFS led the successful fight…

Regents to Meet Thursday and Friday

The University of Wisconsin System Board of Regents will meet in Madison on Thursday and Friday, July 11 and 12. Livestream coverage of the two-day meeting is available here. The regents will discuss the 2013-15 biennial budget and approve UW System’s…

PROFS to Participate in Forum on Impact of State Budget

Jack O’Meara, PROFS legislative representative, will participate in a campus forum on the impact of the state budget on UW System and UW-Madison. The WISCAPE forum will be held from 1:00 to 4:30 pm, Tuesday, July 16, in the Wisconsin…

Walker to Veto Center for Investigative Journalism Provision; Says Regents Should Set Policy for Partnerships

Governor Scott Walker told several news outlets that he plans to veto a provision that would have removed the Wisconsin Center for Investigative Journalism from UW-Madison and forbidden faculty from working with the organization. PROFS lobbied extremely hard over the…

PROFS Asks Governor Walker to Veto Center for Investigative Journalism Provision

PROFS formally requested (see below) that Governor Scott Walker veto a budget provision that would force the Wisconsin Center for Investigative Journalism off campus and forbid faculty from working with the center, a serious breach of academic freedom. The governor…

WISCAPE to Sponsor Forum on Tuition Freeze

WISCAPE, the Wisconsin Center for the Advancement of Postsecondary Education, is sponsoring a public forum on the proposed two-year tuition freeze for UW System campuses. Governor Scott Walker proposed the freeze after UW System was found to have almost $650…